March 22, 2017, Vancouver, British Columbia, Canada: Brakpan Ventures Corp. (the “Company” or “Brakpan”) is
pleased to announce that it is changing its name from Brakpan to “International Cobalt Corp.”
At the open of the market on Wednesday, March 29, 2017 (the “Effective Date”), the Company will commence trading under its new name of International Cobalt Corp. The trading symbol of the Company will change to “CO”. The CUSIP and ISIN numbers will change to 459283107 and CA4592831073 respectively.
The Company also wishes to announce that Tim Johnson has been appointed as President, Chief Executive Officer and a director of the Company effective immediately, filling the vacancies created by the resignation of Eugene Beukman as President and Chief Executive Officer, and by James Miller-Tait as director. Mr. Beukman will remain a director of the Company.
Mr. Johnson has over 25 years experience in the mineral exploration industry ranging from grassroots prospecting to consulting company operation and public company management. As a founder and manager of Arcmin Enterprises Ltd., he helped a northern British Columbia First Nation build a labour service company, employing over 180 people, providing entry level and skilled workers to exploration and development projects in British Columbia’s Golden Triangle. Mr. Johnson is also a director and Chief Executive Officer of Granite Creek Gold, a TSX.V listed company exploring for gold in West Africa, and is Chief Financial Officer of Group 10 Metals.
The Board of Directors wishes to express its gratitude to Mr. Miller-Tait for his commitment and service to the Company, and to wish him well with his future endeavors.
On behalf of:
BRAKPAN VENTURES CORP.
Eugene Beukman, President
This release includes certain statements that may be deemed to be “forward-looking statements” within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. All statements in this release, other than statements of historical facts, that address future production, reserve potential, exploration and development activities and events or developments that the Company expects, are forward-looking statements. Although management believes the expectations expressed in such forward looking statements are based on reasonable assumptions, such statements are not guarantees of future performance, and actual results or developments may differ materially from those in the forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include market prices, exploration and development successes, continued availability of capital and financing, and general economic, market or business conditions. Please see our public filings at www.sedar.com for further information.